Future Emu Membership And Wage Flexibility In Selected Eu Candidate Countries

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Future EMU Membership and Wage Flexibility in Selected EU Candidate Countries

Author : Artur Radziwill
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Future EMU Membership and Wage Flexibility in Selected EU Candidate Countries by : Artur Radziwill

Download or read book Future EMU Membership and Wage Flexibility in Selected EU Candidate Countries written by Artur Radziwill and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to evaluate wage rigidity related to risks of increased size and volatility of unemployment after the candidate countries enter the EMU. Such evaluation is done through the study of past labour market adjustment mechanisms and, in particular, the role played by the exchange rate movements and independent monetary policy. The paper examines some institutional and structural characteristics of candidate countries labour markets that could influence the wage elasticity. The analysis indicates that generally nominal wages are not flexible in candidate countries. Inflationary surprises and nominal exchange rate movements have an effect on the adjustment, especially during the Russian crisis. On the other hand fast productivity growth creates the environment in which unit labour can adjust to unfavourable labour market outcomes through moderation of real wage dynamics despite nominal stickiness. The paper indicates possible fields of further in-depth research in this area.

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Author : Mr.Jeffrey R. Franks
Publisher : International Monetary Fund
ISBN 13 : 1484338499
Total Pages : 47 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Economic Convergence in the Euro Area: Coming Together or Drifting Apart? by : Mr.Jeffrey R. Franks

Download or read book Economic Convergence in the Euro Area: Coming Together or Drifting Apart? written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 2018-01-23 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.

Handbook of Research on Social and Economic Development in the European Union

Author : Bayar, Yilmaz
Publisher : IGI Global
ISBN 13 : 1799811905
Total Pages : 614 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Handbook of Research on Social and Economic Development in the European Union by : Bayar, Yilmaz

Download or read book Handbook of Research on Social and Economic Development in the European Union written by Bayar, Yilmaz and published by IGI Global. This book was released on 2019-11-29 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU has experienced serious economic and political crises such as the sovereign debt crisis and Brexit in the past few years. However, despite these issues, the EU has implemented considerable institutional, fiscal, and collective improvements during the unification process to continue as a significant actor in the global economy. The Handbook of Research on Social and Economic Development in the European Union provides a multidisciplinary evaluation of the institutional, economic, and social development of the European Union and makes inferences for the future dynamics and collaborations of the EU, the global economy, and other countries. Featuring coverage on a broad range of topics such as energy security, gender discrimination, and global economics, this book is ideally designed for government officials, policymakers, world leaders, politicians, diplomats, international relations officers, economists, business professionals, historians, market analysts, academicians, researchers, and students concerned about the multifaceted integration processes surrounding the EU.

Five Years of an Enlarged EU

Author : Filip Keereman
Publisher : Springer Science & Business Media
ISBN 13 : 3642125166
Total Pages : 275 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Five Years of an Enlarged EU by : Filip Keereman

Download or read book Five Years of an Enlarged EU written by Filip Keereman and published by Springer Science & Business Media. This book was released on 2010-07-23 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fifth Enlargement that took place in 2004 and 2007 was a milestone in the history of the European Union. Not only because of the large number of acceding countries but also because of their recent political and economic experience. Ten of them had undergone a profound transition from a totalitarian regime to democracy, and from a centrally planned economy to a market-based system. Most of them had income levels signi?cantly below those of the then EU-15. Now, 6 years later, we can clearly see that the process of European integration, both before and after 2004, was what enabled Europe to overcome the gaps between various parts of the continent. The enlargement made Europe a better and wealthier place and streng- ened its position in the world. Integration into the European Union has always been one of the strongest incentives for reform in the new Member States. Particularly important in my view have been the development of ?nancial markets through foreign direct investment and capital in?ows, and the opening of labour markets – which was a two-way phenomenon, with markets being opened up in acceding as well as the incumbent Member States. The Fifth Enlargement was thus an exercise of glo- lisation in miniature, a practice run for the Union to tackle the challenges of the ever smaller world.

The Eastern Enlargement of the Eurozone

Author : Marek Dabrowski
Publisher : Springer Science & Business Media
ISBN 13 : 0387257667
Total Pages : 239 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis The Eastern Enlargement of the Eurozone by : Marek Dabrowski

Download or read book The Eastern Enlargement of the Eurozone written by Marek Dabrowski and published by Springer Science & Business Media. This book was released on 2006-07-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.

Unity and flexibility in the future of the European Union : the challenge of enhanced cooperation

Author : José María Beneyto
Publisher : Fundación Univ. San Pablo
ISBN 13 : 8492456965
Total Pages : 106 pages
Book Rating : 4.4/5 (924 download)

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Book Synopsis Unity and flexibility in the future of the European Union : the challenge of enhanced cooperation by : José María Beneyto

Download or read book Unity and flexibility in the future of the European Union : the challenge of enhanced cooperation written by José María Beneyto and published by Fundación Univ. San Pablo. This book was released on 2009 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: The entry into force of the Lisbon Treaty poses anew the question of whether, from now on, it will be more likely for the European Union to use this mechanism, or, conversely, the new institutional, jurisdictional and decision-making framework may act as a containment of favourable trends in the development of variable integration formulas. In reality, flexible or differentiated integration instruments, within or outside of the framework of the EU, alongside strictly intergovernmental cooperation between certain EU countries, have existed since the beginning of Community integration.

EU Law in Populist Times

Author : Francesca Bignami
Publisher : Cambridge University Press
ISBN 13 : 1108485081
Total Pages : 611 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis EU Law in Populist Times by : Francesca Bignami

Download or read book EU Law in Populist Times written by Francesca Bignami and published by Cambridge University Press. This book was released on 2020-01-02 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: A state-of-the-art analysis of the contentious areas of EU law that have been put in the spotlight by populism.

One Market, One Money

Author : Michael Emerson
Publisher :
ISBN 13 : 9780198773245
Total Pages : 356 pages
Book Rating : 4.7/5 (732 download)

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Book Synopsis One Market, One Money by : Michael Emerson

Download or read book One Market, One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

The European Union in the 21st Century

Author : Stefano Micossi
Publisher :
ISBN 13 : 9789290799290
Total Pages : 0 pages
Book Rating : 4.7/5 (992 download)

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Book Synopsis The European Union in the 21st Century by : Stefano Micossi

Download or read book The European Union in the 21st Century written by Stefano Micossi and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this book are all members of EuropEos, a multidisciplinary group of jurists, economists, political scientists, and journalists in an ongoing forum discussing European institutional issues. The essays analyze emerging shifts in common policies, institutional settings, and legitimization, sketching out possible scenarios for the European Union of the 21st century. They are grouped into three sections, devoted to economics and consensus, international projection of the Union, and the institutional framework. Even after the major organizational reforms introduced to the EU by the new Treaty of Lisbon, which came into force in December 2009, Europe appears to remain an entity in flux, in search of its ultimate destiny. In line with the very essence of EuropEos, the views collected in this volume are sometimes at odds in their specific conclusions, but they stem from a common commitment to the European construction.

Slovenia

Author : Mojmir Mrak
Publisher : World Bank Publications
ISBN 13 : 9780821357187
Total Pages : 506 pages
Book Rating : 4.3/5 (571 download)

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Book Synopsis Slovenia by : Mojmir Mrak

Download or read book Slovenia written by Mojmir Mrak and published by World Bank Publications. This book was released on 2004-01-01 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirteen years after independence from the former Socialist Republic of Yugoslavia, Slovenia has become one of the most advanced transition economies in Central and Eastern Europe and will become a member of the EU in May 2004. This publication examines the country's recent political and socio-economic history, its transition to a market economy and the challenges that lie ahead. It includes contributions from Slovenia's president, a former vice prime minister, the current and previous ministers of finance, the minister of European Affairs, the current and former governors of the Bank of Slovenia, as well as from leading development scholars in Slovenia and abroad.

European Variations as a Key to Cooperation

Author : Ernst Hirsch Ballin
Publisher : Springer Nature
ISBN 13 : 3030328937
Total Pages : 192 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis European Variations as a Key to Cooperation by : Ernst Hirsch Ballin

Download or read book European Variations as a Key to Cooperation written by Ernst Hirsch Ballin and published by Springer Nature. This book was released on 2020-01-02 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Open Access book offers a novel view on the benefits of a lasting variation between the member states in the EU. In order to bring together thirty very different European states and their citizens, the EU will have to offer more scope for variation. Unlike the existing differentiation by means of opt-outs and deviations, variation is not a concession intended to resolve impasses in negotiations; it is, rather, a different structuring principle. It takes differences in needs and in democratically supported convictions seriously. A common core remains necessary, specifically concerning the basic principles of democracy, rule of law, fundamental rights and freedoms, and the common market. By taking this approach, the authors remove the pressure to embrace uniformity from the debate about the EU’s future. The book discusses forms of variation that fall both within and outside the current framework of European Union Treaties. The scope for these variations is mapped out in three domains: the internal market; the euro; and asylum, migration and border control.

European Monetary Integration

Author : George K. Zestos
Publisher : South Western Educational Publishing
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis European Monetary Integration by : George K. Zestos

Download or read book European Monetary Integration written by George K. Zestos and published by South Western Educational Publishing. This book was released on 2006 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This shorter text provides a complete overview of European economic and monetary integrationand investigates the euro's impact on Europe and the rest of the global economy. It takes anintuitive approach to explaining the complicated issues regarding the formation of the EMUand the introduction of the euro.

The Economics of European Integration

Author : Miroslav N. Jovanovi_
Publisher : Edward Elgar Publishing
ISBN 13 : 0857933981
Total Pages : 1057 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis The Economics of European Integration by : Miroslav N. Jovanovi_

Download or read book The Economics of European Integration written by Miroslav N. Jovanovi_ and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 1057 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acclaim for the first edition: ÔThe book is essential for students in European studies, international economics and business or international relations at both graduate and postgraduate level.Õ Ð Ricardo Pinheiro-Alves, The Times Higher Education Supplement Thoroughly revised and updated, the second edition of this highly acclaimed textbook will be required reading for graduate and undergraduate students on a wide range of courses including: European economics, economic policy, European integration, European studies and international relations. Exploring the EU at an important turning point and during uncertain and turbulent times, the text will also prove an invaluable reference tool for academics and policy makers concerned with any facet of European integration. Comprehensive and accessible, this far-reaching text: ¥ provides in-depth, state-of-the-art analysis of the origins, achievements and prospects of principal EU economic policies ¥ covers all EU member countries as well as candidate countries ¥ sets scenarios for future EU policy and organisational evolution ¥ prescribes possible paths and directions for the EU, not only for economic policies but also for organisational structure; ¥ features supplementary data via a companion website. Topics explored in detail include: EU budget, competition policy, Common Agricultural Policy, fiscal integration, monetary integration, industrial policy in manufacturing and services, trade policy and international economic cooperation, regional policy, social policy, mobility of labour, energy policy, transport policy, environment policy and enlargement.

The Search for Europe

Author : Daron Acemoglu
Publisher : La fabrica
ISBN 13 : 9788416248421
Total Pages : 0 pages
Book Rating : 4.2/5 (484 download)

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Book Synopsis The Search for Europe by : Daron Acemoglu

Download or read book The Search for Europe written by Daron Acemoglu and published by La fabrica. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is now the eighth in the annual series sponsored by BBVA as part of its OpenMind initiative, which is devoted to disseminating knowledge on key issues of our time. The Search for Europe analyses the present and future of the old continent and its integration project, surely the most ambitious political and economic integration project ever attempted in history, a benchmark for similar processes in other regions. The book is divided into three main sections: "The economic foundations of the European project", "Europe and its nations: Politics, society and culture", and "The unresolved Limits of Europe and the new global powers". It features pieces written by international experts such as Javier Solana, Barry Eichengreen, Philip Cooke, Bichara Khader, Vivien Ann Schmidt, John Peet and Thomas Christiansen, among others.

Labor Markets and Social Policy in Central and Eastern Europe

Author : N. A. Barr
Publisher : World Bank Publications
ISBN 13 : 9780195209983
Total Pages : 414 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Labor Markets and Social Policy in Central and Eastern Europe by : N. A. Barr

Download or read book Labor Markets and Social Policy in Central and Eastern Europe written by N. A. Barr and published by World Bank Publications. This book was released on 1994 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Essence of Reform.

Implications of EMU for Exchange Rate Policy in Central and Eastern Europe

Author : Mr.George Kopits
Publisher : International Monetary Fund
ISBN 13 : 1451842570
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Implications of EMU for Exchange Rate Policy in Central and Eastern Europe by : Mr.George Kopits

Download or read book Implications of EMU for Exchange Rate Policy in Central and Eastern Europe written by Mr.George Kopits and published by International Monetary Fund. This book was released on 1999-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in EMU. For most of these countries the benefits are likely to outweigh the cost of participation. After successfully meeting the basic conditions (wage flexibility, prudent fiscal and monetary stance, financial system soundness) for ERM2, each candidate should be able to shadow the euro, with sufficient flexibility around the central rate, prior to formal participation. The paper concludes with a discussion of two policy dilemmas.

Europe in Identity Crisis: The Future of the EU in the Age of Nationalism

Author : Carlo Altomonte
Publisher : Ispi Publications
ISBN 13 : 9788855261579
Total Pages : 124 pages
Book Rating : 4.2/5 (615 download)

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Book Synopsis Europe in Identity Crisis: The Future of the EU in the Age of Nationalism by : Carlo Altomonte

Download or read book Europe in Identity Crisis: The Future of the EU in the Age of Nationalism written by Carlo Altomonte and published by Ispi Publications. This book was released on 2019-12-09 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's European Union is in an identity crisis as it seems to be losing its points of reference. The principles that upheld its creation are being increasingly questioned around the world and within the EU itself. Its chances to survive hinge upon its ability to deliver at home and abroad, without abandoning its values and principles but rather adapting and re-launching them. This volume offers policy options on key questions for the future of the EU: How to scale-up its role abroad? How to benefit from new partners without severing ties with traditional allies such as the US? How to contain Eurosceptic forces by reducing inequalities? And how to reinforce the euro while aiming at more sustainable and balanced growth?